Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

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Shareholders fight to keep Peabody stock
Jan. 16, 2017 4:06 AM ET|About: Peabody Energy Corp. (BTUUQ)|By: Yoel Minkoff, SA News Editor


At a court hearing this Thursday, shareholders of Peabody Energy (OTCPK:BTUUQ
) will seek to be part of a reorganized company, Barron's reports.
The reason stakeholders are fuming is that after Peabody started the bankruptcy process, coal prices went through the roof (contracts spiked from $81 a metric ton to $285 over the last year).
But even with the appointment of an equity holders' committee, it's unlikely that the bankruptcy will leave anything for existing shareholders (Peabody creditors have already agreed to support the plan that cancels the stock).


News Release Issued: Jan 15, 2017 (8:20pm EST)

To view this release online and get more information about Peabody Energy Corp Investor Relations visit: Press Releases

Statement by Peabody Energy
Photos(1)

ST. LOUIS, Jan. 15, 2017 /PRNewswire/ -- Attempts by parties to appoint an equity committee have generated media reports based on inaccuracies and speculation raised by those parties. This statement is intended to address questions regarding steps leading up to Chapter 11, the request for an equity committee and the plan around employee emergence grants:

  • From the start, Peabody's new management team has relentlessly worked to maximize the value of the enterprise across operational, corporate, financial and portfolio dimensions. As detailed in the company's disclosures and court filings, multiple avenues were pursued in light of the long period of impact from brutal industry conditions.
  • Following the Chapter 11 filing, Peabody filed its business plan in August 2016, per the terms of its DIP credit agreement, and updated it for recent market events in December 2016, following improved near-term industry fundamentals. The company will be filing the latest financial projections as part of the disclosure statement.

    Reflecting that business plan, the company filed a plan of reorganization in December that represented broad consensus among stakeholders, and that consensus has grown in recent weeks. The plan of reorganization provides for only partial recoveries for unsecured claims, which by law means that shareholders will not receive a recovery.

    Peabody has been consistent and transparent for many months in communicating that, as with most Chapter 11 processes, current equity holders are unlikely to receive any value and their shares are likely to be cancelled. Certain parties sought equity committee formation in late 2016, and the U.S. Trustee declined the request. The matter will now properly be heard by the U.S. bankruptcy court.
  • The plan of reorganization also proposes an employee incentive program that includes a one-time award enabling every Peabody employee to own a piece of the new company over time. Like the rest of the plan, it is subject to a creditors' vote and court approval. Including such a program in a plan is not unusual, nor is the amount (only a fraction of which would apply to grants at emergence). What is unusual, though, is that the company proposes granting every employee a certain amount of restricted stock or equivalent.
The company recognizes that any Chapter 11 process is challenging for a number of stakeholders. While objections are a natural part of the process, Peabody has advanced a plan of reorganization that it believes maximizes the value of the enterprise. We have been pleased by the broad consensus already obtained and the growing momentum as we work toward ultimate emergence.

Contact:
Vic Svec
314.342.7768

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SOURCE Peabody Energy



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sì ma per prospetto ,sono i bond dati in cambio ai bondisti dopo il default e prevedevano un'iniziale capitalizzazione

Ho dato una scorsa veloce al prospetto e quel che ho capito è che il favoloso rendimento di quasi il 7%...è fasullo! In realtà devi pagare subito il 137,61% del nominale e poi aspettare (fidando nel Buon Dio) che te lo rimborsino dal 2024 in comode rate. Nel frattempo il rendimento è del 1,5% :confused:

Ho capito bene?
 
Ho dato una scorsa veloce al prospetto e quel che ho capito è che il favoloso rendimento di quasi il 7%...è fasullo! In realtà devi pagare subito il 137,61% del nominale e poi aspettare (fidando nel Buon Dio) che te lo rimborsino dal 2024 in comode rate. Nel frattempo il rendimento è del 1,5% :confused:

Ho capito bene?
No la cedola la devi moltiplicare per 137,61
 
DE000A11QHZ0 ciofeca ????
é parecchio trattata e abbastanza stabile. pero é un ultra mini bond
a proposito delle ciofeche tedesche, in generale con un ottimo inizio d'anno, parecchie sono andate oltre 100 ed alcune sono su crinali che, fossero sbloccati, potrebbero consentire ancora rialzi. per esempio takko mentre homann continua la risalita, kaz s'avvicina al rimborso, la 4finance sotto 104 tenta di sbloccare l'apice di settembre
 
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